BSNL IDA crosses 100% from January 2015 – New year gift for employees

Good news for BSNL Employees,
BSNL IDA increase/decrease is declared according to AICPI-IW (All India consumer Price Index numbers for Industrial workers ) as declared by Labour ministry of Central Government.

The IDA increase depends on the preceding last 3 months period.
Base for AICPI-IW is 2001 = 100.
AICPI-IW for September 2014 =  253
AICPI-IW for October 2014 =  253







 


AICPI-IW for November 2014 = 253
Average AICPIN for the last 3 month period = 253.
The IDA Increase has been declared at 2.2% ,  increasing the BSNL IDA with effect from January 2015 to 100.3%.
The IDA for BSNL employees has crossed 100% for the 1st time .  This is a new year gift and milestone for the salaried BSNL employees.

Though the average CPI Inflation has been stagnant for the prior 3 month period, the IDA has been increased, owing to the tricky, somewhat complicated formula for calculating IDA increase about which we will elaborate on future posts, with review of history of IDA, projections well into the next 2 years.

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